NEWS: ASNY is now on Linked In!
Friday, August 29, 2008
Do you have a Linked In profile? Would you like an easy way to connect with fellow ASNY members and extend your professional network? Well, now you can with ASNY on Linked In. This is great way to stay connected and network with other members of ASNY.
Please come join us. All you need to do is follow this link http://www.linkedin.com/e/gis/708007 and then click the yellow button ’Join’.
To learn some of the benefits of Linked In, read this article from ImageOfTheActuary.org http://www.imageoftheactuary.org/Home/CareerArticles/CommunicationSkills/AreYouLinkedIn/tabid/267/Default.aspx
NEWS: Save the Date! ASNY Annual Meeting, November 9
Monday, April 27, 2009
Save the Date! - The 2009 ASNY Annual Meeting will take place on Monday, November 9th at the Marriott Downtown in New York.
One of our keynote speakers is David Walker, the CEO of the recently formed Peter G. Peterson Foundation. This Foundation, to which Peter G. Peterson has committed $1 billion, is dedicated to increasing public awareness of the nature and urgency of key economic challenges threatening America’s future and accelerating action on them. Before joining the Foundation, David Walker was the head of the U.S. Government Accountability Office where he had been outspoken about the need to address these national financial/economic problems. He respects actuaries and looks forward to partnering with us as we become more involved and visible in these areas.
A dialogue on the much discussed matter of insurance regulation will follow David Walker’s presentation. This topic will be approached from both federal and state perspectives, with notable speakers representing the two points of view. Gary Hughes is an EVP and General Counsel for the American Council of Life Insurers and will speak regarding the future of insurance regulation at the federal level. As the ranking Republican on the Senate Insurance Committee, New York State Senator Jim Seward will speak on insurance regulation from the state level.
This analysis of the future of insurance regulation will be complemented by a session regarding current developments in General Purpose Accounting. Marc Siegel’s current role as a member of the Financial Accounting Standards Board puts him in an ideal position to address such matters. Marc Siegel’s long career, including work leading the Accounting Research and Analysis team at RiskMetrics Group, will undoubtedly enhance his ability to share his expertise.
We hope to see you at the meeting!
NEWS: 2009 Presentations Posted on ASNY Website
Wednesday, May 20, 2009
Below is a list of continuing education courses offered in 2009.
January 14th - Debate over US Social Security System and Retirement Benefit Formula presented by Buffin Partners & David Langer Company.
January 26th - An Equity and a Rating Analyst’s Prospective on Life and Health Insurance Companies presented by A.M. Best & Company and Merrill Lynch.
February 26th - Solutions in Mitigating Plan Sponsor Risks for Pensions & Other Postemployment Benefits presented by Metropolitan Life Insurance Company.
March 4th - Webinar on "Secrets to Becoming a Master Networker" presented by John West Hadley.
March 12th - How ERM Can Prevent a Future Global Financial Crisis presented by Watson Wyatt, Willis Re, Berliet Associates LLC, Guardian Life Investments, and Society of Actuaries.
March 18th - Overview of Longevity Risk in Life Settlements presented by Aquarius Capital.
May 5th - Medicare and the Group Retiree Health Marketplace presented by Hartford Life Insurance Company.
May 27th - Overview of the Health Reinsurance market presented by Aquarius Capital.
June 4th - Younger Actuarial Network sponsoring an event called 2009 NY Education and Networking Event. Event includes presentations followed by a networking event.
We have posted several of the presentations on the ASNY website below. If you have any questions or wish to volunteer for future continuing education courses, please contact us at events@goasny.org.
ASNY 2009 ACTUARIAL CAREER DAY
Sunday, January 11, 2009
We cordially invite you to attend the 20th annual Actuarial Career Day. This event will take place on Sunday, January 11, 2009, at Columbia University’s, Alfred Lerner Hall, 2920 Broadway, New York, NY 10027.
ASNY YANKEES BASEBALL BASH
Tuesday, July 21, 2009
Now that the ASNY Mets 2009 game is history, we invite you to join us on Tuesday, July 21st, at 7:05 pm for the 7th annual ASNY Yankees baseball bash at the NEW Yankee Stadium. Come see Alex Rodriguez, Derek Jeter, and the rest of the Yankees as they take on the Baltimore Orioles. Tickets will be available on a first come, first served basis for the nominal cost of $16.00 per ticket. Due to the limited number of seats available, ASNY’s policy is to initially limit the number of tickets to 2 per actuary.
Cutting Edge Variable Annuity Guarantees
Thursday, August 27, 2009
This speech will discuss the current trends in the variable annuity marketplace and how insurers are balancing the needs of baby boomers in light of a new era of redefined risk tolerance. The topic will touch on the following:
• a brief evolution of living benefits
• what today’s baby boomers are looking for in retirement products
• how (and why) companies have "updated" their product offerings in today’s economic environment
• What the future may hold for variable annuity guarantees
Following the presentation will be an open discussion including questions and answers session.
This session will be of interest to insurance company and consulting actuaries plus other insurance & reinsurance professionals involved in the annuity market as well as individual actuaries that might want to understand variable annuities for their own purchasing needs.
Structured Judgments and Periodic Payments in New York: A Unique and Complex System for Tort Awards
Thursday, September 24, 2009
In New York, lawmakers have enacted structured judgment laws concerning the nature of periodic payments that will be received by plaintiffs who have won awards in wrongful death and personal injury actions. It is in this regard that actuarial experts in New York are being called upon to provide a new type of expertise for post trial hearings. Through the testimony emanating from both sides of the litigation, the New York courts seek expert opinion on how to distribute a verdict award. This session will benefit insurance company actuaries, consulting actuaries and independent actuaries involved in valuing these obligations and providing expert testimony. Session will include time for questions & answers.
For life and pension actuaries, a case assessment will be presented, with a uniquely illustrated annuity present value determination that ostensibly meets the “accepted actuarial practice” requirement, notwithstanding practical contradictions in its underlying assumptions.
For property casualty actuaries, a demonstration will be made of how the medical lobbies’ efforts in New York have effectively reduced the value of large damages claims in medical malpractice litigation.
All attendees of this session will find relevant subject matter for their own practices, plus open potential career opportunities for the future. Other insurance and legal professionals will also find this session beneficial.
